After six months of 1991, there's good news and bad news for those in the multifamily housing business.
The good news is that for the month of June, the most recent one for which information is available, there were 662 permits issued--these are for residences such as town homes, condos, apartments and the like. That was the single biggest month of the year, a 26% increase from the previous month.
The bad news: On a year-to-date basis, 1991 still lags well behind 1990 and the previous four years. The 1,925 permits issued this year represent a 66% decline from last year's first-six-months total.
Compared to last year, there has been a huge decrease in activity for the county's unincorporated areas to go with declines in 14 cities. Six cities have increased activity, with Anaheim being the most conspicuous. And eight others have issued no such permits during this year's January-June period, just as they did not last year.
